Media Companies Liquid, Fitch Says

Oct 2, 2008  •  Post A Comment

A new Fitch Ratings report says that media and entertainment companies can expect to have liquidity that is “generally healthy” in light of the economic turmoil, Bloomberg reports. Fitch cites these companies’ expected high profit yields rel=”nofollow” as the basis for their relative strength during crisis. Media and entertainment businesses also have “no significant exposure” to the major investment banks getting the hardest hit, according to the report.
—Sergio Ibarra

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